Angelo Gordon s Private Equity Group Mergers and Acquisitions Summary

Private Equity Profile

Angelo Gordon s Private Equity Group’s most common sectors for investment are financial services (23%) and restaurants (19%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (73%) and divestiture (14%). In total, Angelo Gordon s Private Equity Group has invested in 11 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired Ocwen Structured Investments for $300M.

In the last 3 years, Angelo Gordon s Private Equity Group has exited 3 companies. The Firm’s most common exit type is trade sale (50%). Angelo Gordon s Private Equity Group’s largest (disclosed) exit occurred in 2007 when it sold America s Water Heater Rentals for $95M.

Join Mergr to view Angelo Gordon s Private Equity Group’s full profile and discover more large private equity firms just like it.

M&A Summary

  • M&A Total Activity34
    • M&A Buy Activity22
    • M&A Sell Activity12
  • Total Sectors Invested 10
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 18
  • M&A Advisors 4

Angelo, Gordon & Co.'s Private Equity Group

245 Park Avenue,
New York, New York 10167
United States
(212) 692-2000
www.angelogordon.com/st_peAbout.aspx

Angelo, Gordon's Private Equity Group is the private equity arm of asset manager Angele, Gordon & Co. AG's private equity group focuses on acquiring assets from financially distressed sellers or from larger corporations. Prospective transactions include forced sales, management-led buyouts, private company recapitalizations, corporate carve-outs, asset pool purchases, and other complex situations. The Group prefers control when considering opportunities and generally looks to commit $25 to $125 million of capital in transactions valued up to $500 million. Broad sectors of interest include specialty finance, retail, consumer, healthcare services/facilities, real estate, and business services. Angelo, Gordon's Private Equity group is based in New York City.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Consumer Services, Distribution, Energy Services and Equipment, Financial Services, Food, Healthcare Services, Insurance, Leisure, Machinery, Manufacturing, Publishing, Real Estate, Retail, Safety/Security, Semiconductors

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia, Asia/Pacific

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 10 -
Investment Size 25 125
Enterprise Value 50 500
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 22 - - - - - 22
vol $889M $889M
Sell (1.0/yr) # 7 2 - 2 1 - 12
vol $95M $95M
  34

Most Recent M&A

Company Date Value Type
Firebirds International LLC (Firebirds Wood Fired Grill) 2019-01-08 - Secondary Buyout
Charlotte, North Carolina · www.firebirdsinternational.com
Hamilton State Bancshares, Inc. 2018-07-02 - Merger
Hoschton, Georgia · www.hamiltonstatebank.com
Crunch LLC 2018-07-01 - Secondary Buyout
New York, New York · www.crunch.com
Kings Food Markets 2016-08-11 - Secondary Buyout
Parsippany, New Jersey · www.kingsfoodmarkets.com
National Home Health Care Corp. 2016-05-19 - Secondary Buyout
Scarsdale, New York · www.nhhc.net
Freedom Communications, Inc. 2015-11-01 - Bankruptcy
Santa Ana, California · www.freedom.com
Oak Street Funding LLC 2015-08-14 - Add-on Acquisition
Carmel, Indiana · www.oakstreetfunding.com
CSI Financial Services LLC (ClearBalance) 2012-12-20 - Buyout (LBO, MBO, MBI)
San Diego, California · www.clearbalance.org
Benihana, Inc. 2012-08-21 296M USD Going Private
Doral, Florida · www.benihana.com
Dealer Services Corp. 2012-06-07 - Add-on Acquisition
Carmel, Indiana · www.discoverdsc.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 1 (17%) 300M (50%) 5 (23%) 532M (60%)
Restaurants 2 (33%) 296M (50%) 4 (18%) 296M (33%)
Healthcare Services 1 (17%) - 3 (14%) -
Food - - 2 (9%) 62M (7%)
Business Services - - 2 (9%) -
Consumer Services - - 2 (9%) -
Insurance - - 1 (5%) -
Leisure 1 (17%) - 1 (5%) -
Publishing - - 1 (5%) -
Utilities 1 (17%) - 1 (5%) -
Total 6 $596M 22 $889M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (83%) 596M (100%) 18 (90%) 889M (100%)
  Florida 2 (33%) 596M (100%) 3 (15%) 596M (67%)
  California 1 (17%) - 3 (15%) -
  New Jersey 1 (17%) - 2 (10%) 62M (7%)
  New York - - 2 (10%) -
  Indiana - - 2 (10%) -
  Ohio 1 (17%) - 1 (5%) -
  Georgia - - 1 (5%) 232M (26%)
  Pennsylvania - - 1 (5%) -
  North Carolina - - 1 (5%) -
  Illinois - - 1 (5%) -
  Connecticut - - 1 (5%) -
Canada 1 (17%) - 1 (5%) -
Bermuda - - 1 (5%) -
Domestic 5 (83%) 596M (100%) 18 (90%) 889M (100%)
Cross-border 1 (17%) - 2 (10%) -
Total 6 $596M 20 $889M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 5 (83%) 300M (50%) 16 (73%) 532M (60%)
Divestiture - - 3 (14%) 62M (7%)
Going Private 1 (17%) 296M (50%) 1 (5%) 296M (33%)
Secondary Buyout - - 1 (5%) -
Special Situations/Distressed - - 1 (5%) -
Total 6 $596M 22 $889M

Exits by Deal Type

Type Total # Value
Secondary Sale 4 (33%) -
Trade Sale - Public Company 3 (25%) 95M (100%)
Trade Sale 3 (25%) -
Bankruptcy 1 (8%) -
Merger 1 (8%) -
Total 12 $95M

Top M&A Advisors

Financial Deals
Partnership Capital Growth LLC
1
Legal Deals
Kirkland & Ellis LLP
1
Cleary Gottlieb Steen & Hamilton LLP
1
Akin Gump Strauss Hauer & Feld LLP
1

Deal Values

buy # Total
$100M to $1B 3 $828M
< $100M 1 $62M
TOTAL $889M
Largest Ocwen Structured Investments LLC
$300M (2007-03-20)
sell # Total
< $100M 1 $95M
TOTAL $95M
Largest America's Water Heater Rentals LLC
$95M (2007-06-25)

M&A Connections

Deals %
Acquired from
PE Firm(s)
25%
1 25%
Strategic(s)
75%
3 75%
Exited to
PE Firm(s)
42%
5 42%
Strategic(s)
58%
7 58%

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